Former American International Group Chief Executive Officer Maurice Greenberg arrived on Capitol Hill last week to tell a House panel how the government should fix AIG, but heard a congressman call him the wrong witness because of his own legal problems.

A unit of the European Union reached informal agreement last week on Solvency II, a broad framework to enhance insurer capital requirements and supervision. The action drew a positive response with reservations from some insurance segments.

Last week, the chairs of key Senate and House committees promised President Obama they will work together to have legislation on his desk by year's end creating a "new, more robust regulatory framework" for financial services firms.

Chicago-based insurance broker Hub International Ltd. said Hub Financial, its Canada-based managing general agency, has completed the acquisition of Best Advice Financial Services. Transaction terms were not released.

Bills to ease rules for bringing "bad faith" lawsuits in claim disputes have been introduced in a growing number of state legislatures, but so far insurance interests have been winning.

Actions being taken today by state insurance regulators will deal with current inefficiencies and create a more effective, state-based regulatory system, the chief executive officer of the National Association of Insurance Commissioners said.

Roger Sevigny, president of the National Association of Insurance Commissioners, Kansas City, Mo., and New Hampshire insurance commissioner, has put out a statement condemning H.R. 1880, the National

A study of auto crash injury claims has found that in collisions where vehicles had front and side airbag systems, injuries were less severe and claim costs were lower.